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Fitch: U.S. RevPAR Growth Forecast Lowers

Fitch: U.S. RevPAR Growth Forecast Lowers

NEW YORK—Fitch Ratings has lowered its 2016 U.S. RevPAR growth forecast to 4-5 percent from 4-6 percent. RevPAR growth will not likely exceed 5 percent for the year due to weaker than expected fourth-quarter and year-to-date transient demand growth. Fitch ...

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Construction on Home2 Suites Glendale Begins

Construction on Home2 Suites Glendale Begins

GLENDALE, Ariz.—North Central Group (NCG) broke ground on a new Home2 Suites by Hilton in Glendale, Ariz. This is NCG’s second Home2 Suites by Hilton to break ground, and will be their 11th managed property in the Phoenix area. The ...

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Hotel RL Brooklyn Bed-Stuy Coming in 2017

Hotel RL Brooklyn Bed-Stuy Coming in 2017

SPOKANE, Wash.—RLHC (Red Lion Hotels Corporation) has announced that the company signed a franchise license agreement for a new Hotel RL, the company’s upscale brand, in one of Brooklyn’s fastest developing neighborhoods. The all-new Hotel RL Brooklyn Bed-Stuy, set to ...

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The Urban Hotel Market Challenge

The Urban Hotel Market Challenge

The U.S. hotel industry finished 2015 at its highest occupancy ever. Hotel demand continues to outpace supply, and although the industry is experiencing firmer headwinds from the weakening global economy, the hotel industry’s macro fundamentals remain sound. Despite these positive ...

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R.D. Olson Breaks Ground on Irvine Spectrum Marriott

R.D. Olson Breaks Ground on Irvine Spectrum Marriott

IRVINE, Calif.—R.D. Olson Development broke ground on its latest hotel development, the 271-room, full-service Irvine Spectrum Marriott at 7905 Gateway in Irvine, Calif. Executives from R.D. Olson Development, Irvine Company, Joseph Martelli Real Estate Investments, Inc., project general contractor R.D. ...

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Related Group, Dezer Development Acquire Hyde Midtown Suites

Related Group, Dezer Development Acquire Hyde Midtown Suites

MIAMI—The sale of the Hyde Midtown 60-room hotel to a New York investor that already owns hotel properties in South Beach kicked off discussions at Hyde Midtown, where The Related Group and Dezer Development revealed the $30+ million acquisition of the property’s David Rockwell-designed hotel ...

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